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Volcker Reappointment #291008

CBS Evening News for Saturday, Jun 18, 1983
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(Studio) President Reagan's reappointment of Paul Volcker as Federal Reserve Bd. chairperson announced.
REPORTER: Bob Schieffer

(DC) Volcker's reappointment examined. [Voice of REAGAN - announces reappointment.] File photograph shown. [VOLCKER - notes importance of controlling inflation.] Reagan's past differences with Volcker recalled; pol. implications of today's reappointment considered.
REPORTER: John Ferrugia

(Studio) Report introduced
REPORTER: Bob Schieffer

(DC) [Senator Thomas EAGLETON - gives Democrat response to reappointment.] [Senator Robert DOLE - agrees.] [Representative Jim JONES - believes President and Congress are responsible for future interest rates.] [Representative Jack KEMP - criticizes Volcker's reappointment; explains.] Issue of Volcker completing new 4 year term considered.
REPORTER: Jayne Miller

(NYC) Wall Street's reaction to reappointment examined. [Shearson/American Express spokesperson Eliot FRIED - praises Volcker.] Federal Reserve Bd.'s role in controlling inflation explained; details outlined on screen. [Econ. Robert LEKACHMAN - blames Volcker for high unemployment.] Volcker's international popularity noted. [VOLCKER - cites need for dealing with inflation to continue nation's economy recovery.]

Brady, Ray;
Ferrugia, John;
Miller, Jayne;
Schieffer, Bob

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